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Ruitai New Material: Collaborates with Related Parties to Infuse 200 Million Yuan into Taili Lianteng, Propelling Forward the 15,000-Ton Lithium Hexafluorophosphate Project Construction
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Author：小编
Ruitai New Material has released a notice stating its intention to co-invest 200 million yuan in cash alongside Xintai Material—a wholly-owned subsidiary of the related entity, Tianji Share—to bolster the capital of Taili Lianteng. Specifically, Xintai Material is set to contribute 150 million yuan, while Ruitai New Material will pitch in with 50 million yuan. Upon the completion of this capital infusion, Ruitai New Material will maintain its 25% equity stake in Taili Lianteng. The primary objective behind this capital increase is to expedite the construction of Taili Lianteng's Phase II endeavor, which is a 15,000-ton lithium hexafluorophosphate production project.
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